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Thread: minimum wages

  1. #11
    Veteran Member TNVolunteer73's Avatar
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    Quote Originally Posted by Dittohead not! View Post
    The minimum wage in Australia is one of the highest in the world at $17.70 per hour.
    The exchange rate is $1,000 US to 1,36.60 AUD.

    That is the equivalent of $12.96 in US dollars.

    With me so far?

    So, the price of fast food in Australia must be a lot higher than it is in the USA, right?

    Cost of a big mack in Australia: $4.95. Cost of a big mack in the USA: $3.99. Cheaper, right? Oh, wait, that exchange rate again: $3.99 x 1.3660 = $5.45 in Australian dollars.

    So, using the official exchange rate, a big mack costs 45 cents more in the USA, where the minim wage is $7.25, than it does in Australia, where the minimum wage, in US dollars, is $12.96 per hour.

    OK, those are the facts. What is your opinion?
    Strange Gasoline in OZ is $5.Gallon (1.35/L) want to live in OZ

    19% for Low income

    you also forget the cost of the beef susidies (which is why low income people in Australia have to pay 9% higher tax rates than the 10% tax rate Bush Gave Low income in the US).

  2. #12
    Veteran Member Southern Dad's Avatar
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    It's interesting when you compare just one little point of the economy there to here. Let's compare another one. What about taxes? Here in the US we all know that nearly half of our wage earners pay zero percent income tax or less. When you take one item such as the Big Mac and compare that to the US, it's easy to say that the higher minimum wage doesn't have any effect but what about when we compare more than one factor? After all, life isn't just Big Macs.

    Taxable income: Tax on this income

    0 $18,200: Nil
    $18,201 $37,000: 19 for each $1 over $18,200
    $37,001 $87,000: $3,572 plus 32.5 for each $1 over $37,000
    $87,001 $180,000: $19,822 plus 37 for each $1 over $87,000
    $180,001 and over: $54,232 plus 45 for each $1 over $180,000

    Now, add in 2% for the medicare levy for all wage earners. What about GST? That's 10%.

    How much is it to buy house or a unit (apartment) in Australia? How does that compare to the USA? According to Numbeo the cost of living is significantly higher in Australia compared to the USA therefore that additional income isn't going to go as far.

    Consumer Prices in Australia are 6.66% higher than in United States
    Consumer Prices Including Rent in Australia are 6.25% higher than in United States
    Rent Prices in Australia are 5.43% higher than in United States
    Restaurant Prices in Australia are 12.00% higher than in United States
    Groceries Prices in Australia are 1.16% higher than in United States
    Local Purchasing Power in Australia is 14.72% lower than in United States
    Thanks from AttusBlack

  3. #13
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    Quote Originally Posted by Dittohead not! View Post
    The minimum wage in Australia is one of the highest in the world at $17.70 per hour.
    The exchange rate is $1,000 US to 1,36.60 AUD.

    That is the equivalent of $12.96 in US dollars.

    With me so far?

    So, the price of fast food in Australia must be a lot higher than it is in the USA, right?

    Cost of a big mack in Australia: $4.95. Cost of a big mack in the USA: $3.99. Cheaper, right? Oh, wait, that exchange rate again: $3.99 x 1.3660 = $5.45 in Australian dollars.

    So, using the official exchange rate, a big mack costs 45 cents more in the USA, where the minim wage is $7.25, than it does in Australia, where the minimum wage, in US dollars, is $12.96 per hour.

    OK, those are the facts. What is your opinion?
    That the rich who own business in Australia are happy being rich and not so concerned about being filthy rich. Watch, you will now have some come out and say if we have a higher minimum wage then that Big Mac will just cost even more here and they are right, for the same reason. Maybe the franchise owner in Aus is happy as a clam making 250k while for some reason the one here thinks he deserves 500k. Maybe the franchise owner in Aus must pay his workers a living wage while here it's fine for them to pay substandard wages and let the taxpayer pick up the slack in the way of welfare.

  4. #14
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    Quote Originally Posted by FuzzGod View Post
    I don't care what other countries do regarding minimum wages. Americans should be free to work for whatever wage they agree with an employer upon.
    Yeah, fuck the little guy. After all, he has no say in the matter. Your last sentence better reads... Americans are free to work for whatever wage the employer tells him he is going to work for or he won't have a job. I seriously doubt those making the minimum "agree" that is what they should be paid.

  5. #15
    Veteran Member TNVolunteer73's Avatar
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    Quote Originally Posted by Pragmatist View Post
    Yeah, fuck the little guy. After all, he has no say in the matter. Your last sentence better reads... Americans are free to work for whatever wage the employer tells him he is going to work for or he won't have a job. I seriously doubt those making the minimum "agree" that is what they should be paid.
    Actually if anyone has a fully functional brain knows minimum wage laws are NOT for the little guy. It is a pander to unions who's salaries are tied to the minimum wage. That is why minimum wage has out paced inflation and the 2% of the peopel that make minimum wage are having issues.

    if you want to help the little guy, Go into marriage counseling. becuase the number one cause of poverty is not being married.

  6. #16
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    Quote Originally Posted by Southern Dad View Post
    It's interesting when you compare just one little point of the economy there to here. Let's compare another one. What about taxes? Here in the US we all know that nearly half of our wage earners pay zero percent income tax or less. When you take one item such as the Big Mac and compare that to the US, it's easy to say that the higher minimum wage doesn't have any effect but what about when we compare more than one factor? After all, life isn't just Big Macs.

    Taxable income: Tax on this income

    0 $18,200: Nil
    $18,201 $37,000: 19 for each $1 over $18,200
    $37,001 $87,000: $3,572 plus 32.5 for each $1 over $37,000
    $87,001 $180,000: $19,822 plus 37 for each $1 over $87,000
    $180,001 and over: $54,232 plus 45 for each $1 over $180,000
    These numbers might actually work if they were real. This means someone who makes 20 million pays $8,973,000 in taxes. Except Romney made 20 million and paid $2,600,000 and virtually every single person making that sort of income does the same exact thing. That's just one guy who reduced the US revenue by $6,373,000. Another would be Trump who didn't pay a fucking dime for about 10 years. So your little chart may be accurate for the little guy but as soon as you start making more money it's bullshit. No one making over 180k pays anywhere near those numbers and maybe if they did we wouldn't have a 20 trillion dollar debt. But that's ok, maybe we should squeeze another 15 cents out of those in poverty, think that will make up for it?

    Now, add in 2% for the medicare levy for all wage earners. What about GST? That's 10%.

    How much is it to buy house or a unit (apartment) in Australia? How does that compare to the USA? According to Numbeo the cost of living is significantly higher in Australia compared to the USA therefore that additional income isn't going to go as far.

    Consumer Prices in Australia are 6.66% higher than in United States
    Consumer Prices Including Rent in Australia are 6.25% higher than in United States
    Rent Prices in Australia are 5.43% higher than in United States
    Restaurant Prices in Australia are 12.00% higher than in United States
    Groceries Prices in Australia are 1.16% higher than in United States
    Local Purchasing Power in Australia is 14.72% lower than in United States
    All these percentages are skewed horribly by just the sort of person I just outlined for you. The only statistic you need to look at is the poverty rate and in Aus, it's significantly lower.

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    Quote Originally Posted by TNVolunteer73 View Post
    Actually if anyone has a fully functional brain knows minimum wage laws are NOT for the little guy. It is a pander to unions who's salaries are tied to the minimum wage. That is why minimum wage has out paced inflation and the 2% of the peopel that make minimum wage are having issues.

    if you want to help the little guy, Go into marriage counseling. becuase the number one cause of poverty is not being married.
    That's right, minimum wage laws aren't for the little guy making them, he would be far better off if he made less. Is that because he will qualify for more welfare?
    Thanks from Dittohead not! and Isalexi

  8. #18
    Veteran Member Southern Dad's Avatar
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    Quote Originally Posted by Pragmatist View Post
    These numbers might actually work if they were real. This means someone who makes 20 million pays $8,973,000 in taxes. Except Romney made 20 million and paid $2,600,000 and virtually every single person making that sort of income does the same exact thing. That's just one guy who reduced the US revenue by $6,373,000. Another would be Trump who didn't pay a fucking dime for about 10 years. So your little chart may be accurate for the little guy but as soon as you start making more money it's bullshit. No one making over 180k pays anywhere near those numbers and maybe if they did we wouldn't have a 20 trillion dollar debt. But that's ok, maybe we should squeeze another 15 cents out of those in poverty, think that will make up for it?



    All these percentages are skewed horribly by just the sort of person I just outlined for you. The only statistic you need to look at is the poverty rate and in Aus, it's significantly lower.
    The numbers are not the taxes paid in the USA, they are the taxes for Australia and are linked to the Australian government's tax site.


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    Quote Originally Posted by Southern Dad View Post
    The numbers are not the taxes paid in the USA, they are the taxes for Australia and are linked to the Australian government's tax site.
    OK then post ours and copy and paste what I said after them, same difference

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    Quote Originally Posted by TNVolunteer73 View Post
    Actually if anyone has a fully functional brain knows minimum wage laws are NOT for the little guy. It is a pander to unions who's salaries are tied to the minimum wage. That is why minimum wage has out paced inflation and the 2% of the peopel that make minimum wage are having issues.

    if you want to help the little guy, Go into marriage counseling. becuase the number one cause of poverty is not being married.
    Do you ever stop with the bullshit excuses?

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